SINGAPORE - DBS on Monday launched a sustainable and transition finance framework and taxonomy as part of efforts to partner clients from key industries to transition to a low-carbon economy.
It also summarises a broad list of eligible economic activities - be it the use of recycled plastics for apparel making, or an electricity grid upgrade to enable integration of intermittent renewable energy. The central aim of the Paris Agreement is to keep a global temperature rise this century well below two degrees Celsius above pre-industrial levels, and to pursue efforts to limit the temperature increase even further to 1.5 degrees Celsius.